{"id":1004481280,"date":"2020-09-30T04:35:13","date_gmt":"2020-09-30T12:35:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004481280"},"modified":"2020-09-30T05:41:17","modified_gmt":"2020-09-30T13:41:17","slug":"bailard-pays-38m-for-silicon-valley-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/bailard-pays-38m-for-silicon-valley-office-asset\/","title":{"rendered":"Bailard Pays $38M for Silicon Valley Office Asset"},"content":{"rendered":"
\"\"<\/a>

250 Holger Way<\/p><\/div>\n

Bailard has completed the $38.3 million acquisition of a 76,410-square-foot office building in San Jose, Calif. KBS sold the property, which is part of District 237, its 415,492 square-foot office\/R&D complex.<\/p>\n

The seller purchased the entire park in 2013, when EQ Office sold it for $239 million, according to Yardi Matrix data. The company financed the deal with a $140 million acquisition loan from Massachusetts Mutual Life Insurance Co., which matured this past April.<\/p>\n

The asset Bailard acquired occupies a 4-acre parcel at 250 Holger Way, in Silicon Valley\u2019s North San Jose submarket. The two-story building was completed in 2002 and renovated in 2019. The property is fully leased to CDK Global, a company that provides software for the automotive industry.<\/p>\n

The CBRE team that facilitated the deal included Joe Moriarty, Scott Prosser, Jack DePuy, Russell Ingrum, Brad Zampa and Mike Walker. Bailard was represented in-house. Greenberg Traurig attorneys Bruce Fischer and Howard Chu, along with paralegal Robyn Foianini provided legal counsel for the seller.<\/p>\n

In June, KBS completed the $95.2 million disposition<\/a> of two properties in District 237 totaling 142,710 square feet. Exan Group acquired the assets, which are fully leased to Raytheon.<\/p>\n","protected":false},"excerpt":{"rendered":"

The property previously traded in 2013 as part of a $239 million portfolio sale from EQ Office to KBS.<\/p>\n","protected":false},"author":867,"featured_media":1004481286,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21747,36079,15],"tags":[32789,43400,37836,43841,49285],"class_list":["post-1004481280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-office","category-san-jose","category-west","tag-cbre","tag-eq-office","tag-greenberg-traurig","tag-kbs","tag-russell-ingrum"],"acf":[],"yoast_head":"\nBailard Pays $38M for Silicon Valley Office Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/bailard-pays-38m-for-silicon-valley-office-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bailard Pays $38M for Silicon Valley Office Asset\" \/>\n<meta property=\"og:description\" content=\"The property previously traded in 2013 as part of a $239 million portfolio sale from EQ Office to KBS.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/bailard-pays-38m-for-silicon-valley-office-asset\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-09-30T12:35:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-09-30T13:41:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/09\/250-Holger-Way.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/bailard-pays-38m-for-silicon-valley-office-asset\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/bailard-pays-38m-for-silicon-valley-office-asset\/\",\"name\":\"Bailard Pays $38M for Silicon Valley Office Asset - 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